Another Ransomware

For the second time in just as many months, computer malware has been infecting consumers, businesses and government institutions around the world at a insane pace, locking files with encryption and extorting ransom payments to release the data again. This new global ransomware attack has targeted businesses around the world, demonstrating how easy it is for hackers to extort money by taking advantage of outdated technology. This new ransomware, security researchers says, the malware attack that spread from Ukraine appeared to be focused on damaging IT systems. The NotPetya malware is so-called because while it shares code with an earlier ransomware strain called Petya, it is “a new ransomware that has not been seen before”, according to security researchers at Kaspersky Lab. It requires infected businesses to send $300 in the cryptocurrency bitcoin to a payment address that appears hardcoded into the software.

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